SouthState Corporation (NYSE:SSB) shares, rose in value on Friday, May 09, with the stock price down by -1.07% to the previous day’s close as strong demand from buyers drove the stock to $88.74.
Actively observing the price movement in the last trading, the stock closed the session at $89.70. The PE ratio was 14.00 over 12-month period. Referring to stock’s 52-week performance, its high was $114.26, and the low was $70.68. On the whole, SSB has fluctuated by 1.63% over the past month.
With the market capitalization of SouthState Corporation currently standing at about $9.01 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 2.68, with its dividend yield at 3.02%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.57B, with a low estimate of 635.7M and a high estimate of 653.66M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 645.01M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SSB’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.97, with the price of SSB currently trading nearly 2.26% and -0.84% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.48, while the 7-day volatility ratio is showing 2.25% which for the 30-day chart, stands at 3.32%. Furthermore, SouthState Corporation (SSB)’s beta value is 0.77, and its average true range (ATR) is 3.14.
A comparison of SouthState Corporation (SSB) with its peers suggests the former has fared considerably weaker in the market. SSB showed an intraday change of -1.07% in last session, and over the past year, it grew by 10.03%%.
Data on historical trading for SouthState Corporation (NYSE:SSB) indicates that the trading volumes over the past 3 months, they’ve averaged 734.10K. According to company’s latest data on outstanding shares, there are 101.48 million shares outstanding.
Nearly 1.32% of SouthState Corporation’s shares belong to company insiders and institutional investors own 71.73% of the company’s shares. The stock has fallen by -10.80% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SSB stock heading into the next quarter.
